Friday, February 27, 2009

Bailout Prize Patrol

2 comments:

Unknown said...

Cute film that misses the point completely. The real proximate cause of the banking/financial crisis is the government rules under which banks are allowed to operate, namely, fractional reserve banking and the practice of usury. If President Obama can arrange for the following eight things to happen, the economy will automatically fix itself within 12 months. 1) Abolish and criminalize the practices of fractional reserve banking and usury 2) Abolish the Federal Reserve, the Internal Revenue Service and the individual income tax 3) Require the US Treasury to print lawful money (US Dollars) 4) Make only US Dollars lawful tender for the discharge of all debts, public and private 5) Recall all Federal Reserve Notes and exchange them for US Dollars at a sliding decreasing exchange over a period of time 6) Abolish (Forgive) all debts, public and private, any component of which is based on usury or fractional reserve banking. Within 12 months the US economy will fix itself without any other government interference or bailouts or loans, and eventually other nations will see the benefits, and will follow suit.

Chase Ingersoll said...

Tom: I see that you are a student of Deuteronomy and the Gospels where Christ whipped the money changers out of the temple. I agree with your "wish list" however I have to tell you: Obama is no Santa Claus....unless you are a Marxist member of ACORN or the like.

The kids are at least doing something and hilariously displaying the ignorance of voters and hypocrisy of elected officials. Right now I am happy to see them mocked and scorned.

1000's of communities around the world are using Community Exchange Systems or Local Exchange Transaction System that are not debt or fractional banking based to disengage from the Corporate Banking System. Here is my blog on research on that subject and a link to the exchange system that I administrate here in Ann Arbor:

http://annarborlets.blogspot.com
http://community-exchange.org